New Life Academy Educational Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 586,961 | 755,661 | −168,700 | 14.1 | 0% |
| 2012 | 704,347 | 615,573 | 88,774 | 19.0 | 0% |
| 2013 | 862,501 | 666,004 | 196,497 | 21.1 | 0% |
| 2014 | 1,179,256 | 1,438,363 | −259,107 | 7.6 | 0% |
| 2015 | 1,216,008 | 1,282,240 | −66,232 | 7.9 | 0% |
| 2016 | 1,222,352 | 1,438,984 | −216,632 | 5.3 | 0% |
| 2017 | 687,139 | 768,400 | −81,261 | 8.6 | 0% |
| 2018 | 971,262 | 648,549 | 322,713 | 16.2 | 0% |
| 2019 | 1,011,979 | 790,232 | 221,747 | 16.6 | 0% |
| 2020 | 944,087 | 753,270 | 190,817 | 20.6 | 0% |
| 2021 | 743,718 | 351,902 | 391,816 | 57.4 | 0% |
| 2022 | 1,059,574 | 245,424 | 814,150 | 118.0 | 0% |
| 2023 | 976,417 | 749,366 | 227,051 | 43.8 | 0% |
In its most recent public year (2023), this organization brought in $227,051 more than it spent. Its reserves stood at about 43.8 months of spending, up from 14.1 in 2011. Staff pay was 0% of spending. $314,474 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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